Real Estate Arm of USD 2BN Lalbhai Group, Arvind SmartSpaces Ltd has posted a record of fresh sales quarterly RS.
207 CR, leap 39% Y-0-Y in Q4 FY21.
New sales for FY21 are the highest since the start standing in the hospital.
529 CR, 85% leap from FY20 (286 CR) income that has not been recognized as of March 31, 2021 stood in the hospital.
762 CR vs.
RS.
477 CR last year.
There is an effective reduction in working capital debt from the hospital.
95 CR from RS.
217 CR like on Mar20 to the hospital.
122 CR on Mar21 the company has recorded RS consolidation income.
64 CR for Q4 FY21 compared to RS.
133 CR at Q4 FY20 6.6 CR by opposing Pat of RS.
14.7 CR for the same period last year.
Commenting on the results, Kamal Singal, MD & CEO, Arvind SmartSpaces said, “Our company has witnessed a very significant growth of 85% in new sales.
We record new sales from RS.
529 CR for FY21 Crossing important milestones of Rs.
500 CR mark.
The company has risen very strongly after the first wave of Covid-19 and records the highest performance parameters such as fresh sales, collections, and sales that are not recognized.
We hope the momentum will continue in the near future too.
Witnessing a strong sales momentum in new bookings, the same thing does not reflect financial performance due to the time of time between recognition of new income and sales due to accounting standards.
There are no new projects resolved during the year that influence overall recognition in accounting accounting despite very performance both in sales and execution.
We are PER Aya that despite some macro-economic challenges and post covid, Arvind SmartSpaces are in the position available to utilize available.
Opportunities and in turn provide value to customers and stakeholders.
The company has sent 10 projects with a total of 3.8 million sq.
and has 9 ongoing projects with a total of more than 14 million square meters 3-5 years ahead.
The company has a presence in Ahmedabad, Gandhinagar, Bangalore and Pune who offers housing cities, luxury villas, plot projects and golf clubs.
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